You are here

Cameron's help for first-time UK homebuyers fizzles on demand

Number of people using expanded Help to Buy plan falls to almost 3,400 in Sept from over 4,000 in May
Monday, December 1, 2014 - 05:50
BT_20141201_SLOW1_1391243.jpg
The UK government has persisted with Help to Buy, even though the plan has been criticised since its introduction.

London

UK Prime Minister David Cameron introduced an expanded version of the Help to Buy home-loan programme a year ago, saying it would boost ownership among young Britons.

It isn't working.

First-time home purchases made with a mortgage rose one per cent in October from a